State of Alaska Department of Revenue lifted its stake in shares of Regis Co. (NYSE:RGS) by 87.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,840 shares of the company’s stock after purchasing an additional 8,811 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Regis worth $380,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Regis by 3.3% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,866,275 shares of the company’s stock valued at $47,580,000 after purchasing an additional 90,884 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Regis by 3.5% during the second quarter. Renaissance Technologies LLC now owns 2,145,800 shares of the company’s stock valued at $35,620,000 after purchasing an additional 73,000 shares in the last quarter. Northern Trust Corp raised its stake in shares of Regis by 0.3% during the second quarter. Northern Trust Corp now owns 800,107 shares of the company’s stock valued at $13,281,000 after purchasing an additional 2,725 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Regis by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 378,167 shares of the company’s stock valued at $6,277,000 after purchasing an additional 12,793 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Regis during the second quarter valued at about $5,039,000. Institutional investors and hedge funds own 96.07% of the company’s stock.
A number of brokerages recently weighed in on RGS. Jefferies Financial Group lifted their price objective on shares of Regis from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, October 7th. ValuEngine upgraded shares of Regis from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Regis from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Saturday, August 31st. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Regis has an average rating of “Buy” and a consensus price target of $23.00.
In other Regis news, CFO Andrew H. Lacko purchased 6,500 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were purchased at an average cost of $16.09 per share, for a total transaction of $104,585.00. Following the completion of the transaction, the chief financial officer now owns 138,020 shares in the company, valued at $2,220,741.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 33.00% of the stock is currently owned by insiders.
Shares of Regis stock opened at $20.87 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.04 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $19.16 and its two-hundred day moving average price is $18.62. Regis Co. has a 52 week low of $14.50 and a 52 week high of $20.99. The stock has a market cap of $744.64 million, a PE ratio of 14.54, a price-to-earnings-growth ratio of 3.88 and a beta of 1.13.
Regis (NYSE:RGS) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.10 by $0.52. Regis had a negative net margin of 1.33% and a positive return on equity of 14.90%. The firm had revenue of $248.19 million for the quarter, compared to analysts’ expectations of $250.30 million. On average, equities analysts predict that Regis Co. will post 0.71 EPS for the current fiscal year.
Regis Company Profile
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
Recommended Story: What is a death cross?
Receive News & Ratings for Regis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis and related companies with MarketBeat.com's FREE daily email newsletter.